Page 5 - Unicorn Companies

Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report

Their total loss is expected to reduce from $7.1 bn to $1.9 bn, says Redseer

Zepto 'in talks' to raise funding, may become India's 1st unicorn this year

Quick-delivery firm said to be looking to raise $150 mn in a funding round that will value it at $1.3 bn

100,000 unicorns, 1-2 mn startups doable: Chandrasekhar on tech opportunity

India's success with innovation, entrepreneurship, electronics manufacturing as well as its digital clout is just the "tip" of a massive growth opportunity before the country, and the nation has the ability to scale to one lakh unicorns and almost 10-20 lakh startups in future, according to Union Minister Rajeev Chandrasekhar. Chandrasekhar -- who completes two years as Minister of State for Electronics and IT -- said the India Stack and the digital public infrastructure built by the country, have demonstrated to the world how technology can be deployed for good, to benefit people, society and communities, and the country at large. The extent of digitalisation of government, governance and economy is going to "accelerate even more", Chandrasekhar promised. The last two years have seen Chandrasekhar keeping a razor-sharp focus on driving India's digital agenda and work on measures to promote electronics and semiconductor manufacturing in the country. He has also been deeply involved

The Byju's story: What is ailing India's once booming start-up sector?

While Byju's has stumbled and may well fall, one must hope that most start-ups learn to thrive in the changed context. The economy would be much less vibrant without them, writes T N Ninan

Funding woes continue: Only 3 unicorns this year, 20% startups downgraded

This is an index of the most valuable private equity or venture capital-funded companies in Indiafounded after 2000, ranked according to their latest funding round valuation.

8 gazelles demoted to cheetahs, 9 out of Hurun Unicorn Index 2023

India's future unicorns are currently worth $57bn, with an increase of 16% as Compared to last year - mainly driven by addition of new future unicorns to the list

Unicorn list declines in 2023, indicates slowdown in funding: Hurun report

New additions in the coveted unicorn list declined sharply in 2023, indicating a slowdown in the Indian startup ecosystem, a report said on Tuesday. India added only three unicorns startups having a valuation of over USD 1 billion in 2023 against 24 in the year-ago period, as per the ASK Private Wealth Hurun Indian Future Unicorn Index 2023. The slowdown in unicorn additions is indicative of a "slowdown in India's startup ecosystem", the report -- which comes amid a slowdown in investor interest in what is being termed as "funding winter" -- said. The overall number of unicorns also declined to 83 from 84 in the year-ago period. ASK Private Wealth's chief executive and managing director Rajesh Saluja said unsustainable business models adopted by startups have led to a dip in valuations but stressed that funding to the right companies continues. Hurun India's chief researcher Anas Rahman Junaid, however, said that the Indian startup story has high potential and he sees the overall

A hard lesson for Byju's Raveendran amid mass firings, delayed results

The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app

Unicorn CFOs: US leans more on outside hires than India, has older set too

Study by WalkWater Talent Advisors also points to gender disparity, with women CFOs only leading 4% of Indian Unicorns, compared to 17% in US

Physics Wallah to acquire 50% stake in Xylem for Rs 500 cr in 3 years

Unicorn edtech firm Physics Wallah has entered into a strategic partnership with Kerala-based edtech firm Xylem Learning, under which it plans to invest Rs 500 crore over a period of next three years, the company said on Sunday. The partnership is aimed to strengthen the presence of Physics Wallah (PW) in the southern market. "This partnership with Xylem Learning fills me with immense excitement and pride. It not only aligns with our shared vision of providing quality education to all but also propels us closer to our strategic goal of becoming the leading education platform in South India," PW Founder and CEO Alakh Pandey said in a statement. The partnership involves strategic equity and cash investments in Xylem and scaling up operations. "In three years we will invest Rs 500 crore to propagate the brave and unique "XYLEM model of Hybrid Learning" to other adjoining sister states - it is a special result-oriented plan of learning which has specially impressed me. "To do this it

Climate tech push: EV start-ups set to power India's next unicorn club

Corner a hefty chunk of investments despite ongoing funding winter; at present, Ola is the only unicorn among 970 homegrown enterprises in the EV space

Investors mark down 'unicorn' tag for start-ups, chase real deal

Entrepreneurs, however, also need to realise that down-rounds are not much of a deal

Gaming unicorn Mobile Premier League goes into global expansion mode

MPL recently launched its app in Nigeria, marking its first foray into the African gaming market. With this move, MPL is now present on four continents: Asia, North America, Europe, and Africa

ESOP payouts, buybacks plummet among Indian start-ups amid funding winter

While the funding slowdown has had no significant impact on the issuance of ESOPs, a liquidity crunch has caused the once-overflowing well of ESOP buyback programs to run dry

Woman-led edtech unicorn Guild lays off 172 employees for 'reorganisation'

he company had "identified the go-forward structure, roles, and skill sets needed to enable our strategy and create a more focused, seamless way of doing work at Guild," CEO told the staff

Ronnie Screwvala-led edtech unicorn upGrad records 10 mn enrolled learners

upGrad is evolving to become Asia's largest integrated learning, skilling, and workforce development and placement company

Online gaming unicorn MPL forays into Africa, launches its app in Nigeria

MPL, which became a unicorn in 2021, has partnered with Africa's gaming publisher Carry1st to launch in the continent

Thanks to funding crunch, India has not seen a new unicorn in over 6 months

This is the longest drought since August 2016 when it took 17 months for India to come up with a new unicorn

India retains third spot as a unicorn hub, shows Hurun report

The report also mentioned that India and China produce more offshore unicorns than any other country

Indian consumer tech sees huge value creation with $250 bn in valuation

The last five years have seen 4,351 consumer tech deals and $54 billion in deal flows in India, a new report has shown, adding that the Indian consumer tech space